Montreal’s LightSpeed, a leading software company that helps retailers reinvent in-store shopping, and Chicago’s Braintree, the fastest growing payments platform for online and mobile commerce, today announced a partnership agreement to launch a flexible monthly payment option for retailers. A first for the retail industry, this new Monthly Maintenance Plan, is designed to help retailers manage their overall cost structure, with a level of flexibility that frees up cash flow.
“After an exhaustive search for the right partner to launch this new initiative, Braintree stood out as the obvious choice due to its unmatched capabilities in next-generation commerce,” said Dax Dasilva, founder and CEO of LightSpeed. “We have been amazed by Braintree’s professionalism, and by the company’s ability to integrate its payment platform truly at the speed of light.”
Pricing for the Monthly Maintenance Plan will be $40 per month for the first User, and $20 per month for each additional User. The new plan is available to all customers who renew their Support Subscriptions.
“We are thrilled to partner with LightSpeed, and introduce payment options to their client base in a flexible and seamless manner,” said Bill Ready, CEO of Braintree. “By enabling monthly billing, we hope to allow LightSpeed to continue to deepen its relationship with retailers around the globe.”